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UC System Not Giving Up Without a Fight
Posted By Mustafa Shaikh On Jan 11, 2008 @ 5:12 pm In News | Comments Disabled
The University of California system is just not going to quit in its fight to stop a huge payout to 35,000 students who won a class action lawsuit.
Back in 2003, UC promised students that fees would not increase during their time at school. Surprise surprise, hikes came in the near future.
The UC is challenging this ruling, characterizing the judgment as flawed and unfair.
The courts initially ruled that a payment of $34 million was due. That payment has now ballooned to $40 million due to additional interest accrued each month UC fails to make good.
The UC response to the growing bill? According to attorney Chris Patti,
“It’s going to be a big ticket, whether we have to pay now or in the future.”
Stupid reasoning considering that the payment has already grown by 17%+. And you wonder why we have a budget deficit.
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